Well folks, as many have suspected for months now, Palisades is officially on the way to closure, with assets being sold to a secondary distribution company and employees being let go. The following excerpt is from an email sent to all Palisades staff:

I regret to inform you that after more than 11 successful years, Palisades Entertainment, LLC has discontinued its business of manufacturing and selling licensed and proprietary action figures, collectibles, toys and other goods. This development parallels a general trend within the toy industry, including the bankruptcy of one of Palisades’ largest customers.

Palisades has sold a substantial portion of its assets to another industry player, an affiliate of C.A.S. Iberia, Inc. named Limited by CAS, Inc. That company will continue the sale of certain of the brands that Palisades developed, including the Factory X line.

The sale transaction did not include employment for me or my wife Kate, who many of you know. Consequently, neither Kate nor I will be reachable at the buyer’s offices, nor will we have any ongoing relationship with the buyer.

I don’t have any plans for the immediate future beyond enjoying life with Kate and our children, until I figure out our next chapter.

I’d like to take this time to thank all of my friends and colleagues, and in particular, the team that helped me build and nurture Palisades for so many years

You can read the forum post and one of the many discussions cropping up all over the place on the Palisades Forums.

In other news, the last few weeks have been INSANE for me! I actually quit my day job that I’ve had for the last 6 years to concentrate on all my web related projects, and I’ve received TONS of awesome new Predator goodies. In the coming days, I’ll be posting all new photos of kits, statues and props I’ve received, and where applicable, how you can get your hands on some for your own collection! So keep an eye out on the blog and predatorstuff.com because I’ll be updating a lot more often now!

See you all soon!

Dan